Mortgage and Financial News From 2008-1-31 Page 25

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  • Local governments fight foreclosure crisis

    Peoples Weekly World - ... lenders will realize elected officials are concerned, and will take a close look at their practices to reform them to benefit both lenders and borrowers,” Jackson told the World. “Everyone is at risk, and everyone will gain if mortgage companies ...
    2008-01-31 01:48:00
  • Sovereign bank investments may be tapped out-analyst

    Reuters - U.S. financial companies are posting multibillion-dollar write-downs on mortgage-backed debt as the nation's housing market continues its several-month decline. Hendler set out various scenarios of how much more capital banks may need, based on their ...
    2008-01-31 02:17:00
  • Another day of uncertainty for bond insurers

    CNN Money - feed://rss.cnn.com/rss/money_news_companies.rss ... focus on insuring corporate debt and municipal bonds, got caught up in the credit crisis after insuring toxic mortgage ...
    2008-01-31 02:17:00
  • Most homeowners unaware of lender help: Freddie Mac

    Reuters - Of the homeowners contacted, 83 percent said financial institutions were a hassle to deal with, while 75 percent felt the mortgage companies don't want to help struggling borrowers. Freddie Mac is the second-largest provider of financing for U.S. home ...
    2008-01-31 01:12:00
  • Vultures’ circle companies at bargain prices

    Financial Times - ... companies in out-of-favour industries such as mining and car parts, on Thursday announced the closing of a $4bn fund to “invest in and restructure financially distressed companies”. He said his next moves were likely to be in insurance, mortgage ...
    2008-01-31 02:02:00
  • MasterCard Profit Up on Card Use Abroad - The Associated Press

    MasterCard Profit Up on Card Use AbroadThe Associated Press - 49 minutes ago"If you think about consumer behavior, when you are in a situation where you're worried about your job, or your mortgage or interest rates are high, ...
    2008-01-31 01:50:44
  • Bankruptcy Filers Sue Fidelity National Information Services for ... - DSNews.com

    Bankruptcy Filers Sue Fidelity National Information Services for ...DSNews.com, TX - 47 minutes agoThe lawsuit elaborates even further saying, “Saxon (the Harrises' mortgage company) either obtains cash payments of these fees or adds the indebtedness to ...
    2008-01-31 01:53:11
  • S&P Downgrades FGIC's Rating, Warns of Possible Action on MBIA - Wall Street Journal

    S&P Downgrades FGIC's Rating, Warns of Possible Action on MBIAWall Street Journal - 45 minutes agoBlackstone, together with private-equity firm Cypress Group and mortgage insurer PMI Group Inc., bought stakes in FGIC in 2003, when its former parent, ...
    2008-01-31 01:54:18
  • The Countrywide Deal: Not So Fast! - Forbes

    The Countrywide Deal: Not So Fast!Forbes, NY - 42 minutes agoIt said it funded $23.5 billion in loans in December, about half the volume of one year ago, raising concerns for the company and for the mortgage sector as ...
    2008-01-31 01:57:29
  • MarketWatch - Overnight 01/02/2008 - LIVENEWS.com.au

    MarketWatch - Overnight 01/02/2008LIVENEWS.com.au, Australia - 35 minutes agoBond insurers tend to focus on insuring corporate and municipal bonds, but many got caught out backing mortgage-backed securities as the credit market began ...
    2008-01-31 02:04:17
  • Nice work if you can get it (off the ground)! - Free press releases (press release)

    Nice work if you can get it (off the ground)!Free press releases (press release), UK - 29 minutes agoAs for Claire Owen, she followed an instinct after being made redundant with a mortgage to pay and a four-month old baby to feed. “I knew inherently that I ...
    2008-01-31 02:11:01
  • Economic Stimulus Tax Rebate Plan: Will It Actually Stimulate ... - Trading Markets (press release)

    Economic Stimulus Tax Rebate Plan: Will It Actually Stimulate ...Trading Markets (press release), CA - 28 minutes agoSub-prime consumers -- whose economic troubles have played a large role in driving up mortgage and card delinquency rates -- were most likely to say they ...
    2008-01-31 02:11:28
  • FBI investigates financial firms - Dubuque Telegraph Herald

    FBI investigates financial firmsDubuque Telegraph Herald, IA - 26 minutes ago... companies across the financial services industry, from mortgage lenders to investment banks that bundle home loans into securities sold to investors. ...
    2008-01-31 02:13:36
  • Business big shot: Jon Wood - Times Online

    Business big shot: Jon WoodTimes Online, UK - 25 minutes ago... strive to block the agreed $4 billion sale of the US's biggest mortgage lender to Bank of America - a deal Mr Wood believes is being done on the cheap. ...
    2008-01-31 02:14:56
  • Lengthy talks to rescue $33B in ABCP could hurt some small ... - News1130

    Lengthy talks to rescue $33B in ABCP could hurt some small ...News1130, Canada - 24 minutes agoThe closed-door process has left smaller companies crossing their fingers hoping a solution will come sooner than later. A twice-extended standstill ...
    2008-01-31 02:15:43